Investors are mostly in an accumulating phase now. Despite the rapid ups and downs, the market is predicted to enter a bull phase in the second half of 2024.
Most cryptocurrencies, including BTC, ETH, SOL, and XRP could reclaim their all-time highs in the next cycle.
But strategic investors are actively expanding their portfolios to accommodate new crypto coins that show high growth potential. That explains why Dreamcars ($DCARS) has been trending in crypto communities this week.
The project makes luxury car ownership accessible for all. Let’s take a closer look at how that works and what that means for investors.
Dreamcars is a Luxury Car Marketplace on the Blockchain
Dreamcars is a blockchain-run luxury car marketplace.
The pioneering project revives the NFT market that has been dormant for a while now. Here, users can buy fractionalized NFTs backed by physical cars, which are stationed in any of the project’s rental showrooms.
The NFTs accrue monthly rewards from the rental income of the corresponding physical car.
Token holders can seamlessly trade the NFTs on Dreamcars Marketplace or other third-party websites.
While buying and selling a physical car can cost a fortune, the Dreamcars fractional NFTs are priced starting from $10. They are affordable for everyone, unlike physical luxury cars that demand high upfront costs.
Liquidity is also high. Buying and selling a physical car can take anywhere from weeks to months. Trading the fractional NFTs takes just a few clicks.
In essence, Dreamcars ($DCARS) radically transforms the luxury car market with advanced blockchain technology.
NFTs Rooted by a Real-World Business Model
For many, NFTs are just useless artwork that rich people buy to flaunt their status. But they are more than that, although the current market may give a different impression.
Projects like Dreamcars prove that NFTs have real-world relevance when used strategically.
Through blockchain tokenization, Dreamcars allows anyone to own a portion of luxury cars and earn rental income from them.
Here is a brief description of how it works.
Dreamcars’ rental car fleet will include a diverse selection of fully insured luxury vehicles like Mercedes-Benz, Porsche, Bentley, Rolls-Royce, Ferrari, Lamborghini, and more.
The Dreamcars team of experts sources luxury cars from credible dealerships. Only cars with insurance, warranties, and comprehensive vehicle histories are taken in. All relevant data concerning the vehicle and ownership are then added on to the NFT metadata.
The details are made available on the public blockchain for anyone to see and verify the NFT’s authenticity. Each NFT is linked to the corresponding car’s purchase contract. The fractional NFTs are listed on the Dreamcars NFT marketplace, while the physical cars are made available at the platform’s physical rental car showrooms.
Decentralized Ownership and Investment Opportunities
Traditional luxury car ownership involves steep initial costs, maintenance obligations, and depreciation concerns. With Dreamcars’ NFTs, investors don’t have to worry about any of that.
The team takes care of maintenance and rental customer acquisition, relieving investors of these responsibilities.
Of course, investors can’t drive around in these NFTs. But if they’re targeting profits, the monthly rental income from the NFTs is an excellent crypto investment opportunity. Users who want to drive around in these physical cars, but can’t afford to buy them, can rent them. The rent is channelled back to the investor.
The annual percentage yields (APYs) from the NFTs can go as high as 60%. A lending protocol is also under development, allowing users to stake their car-backed NFTs as collateral for loans.
The platform provides a hassle-free, budget-friendly alternative to luxury car ownership and investment.
Dreamcars has already bought its first luxury car, a black Lamborghini Urus, after completing all safety and legal requirements. The fleet will expand over time to include more coveted models.
Low Risk, High Rewards
Fractional NFTs are affordable.
That means investors of all scales can diversify their portfolios by purchasing shares of multiple luxury cars. The diversification strategy reduces risk exposure and helps investors maintain a strong portfolio.
Dreamcars NFTs offer tangible benefits and practical applications. But they are not available for investment yet. Instead, investors can buy $DCARS tokens in the ongoing presale. They are used to purchase the NFTs.
The $DCARS Presale is Rapidly Moving Ahead
During the presale stage, $DCARS tokens are available at fixed discounted prices.
The Dreamcars smart contract has undergone a rigorous audit by Solidproof, eliminating cause for concerns about vulnerabilities or hacks.
The listing price is 285% above the current selling price of $0.0105, leaving large room for returns to early backers. The residual FOMO from the presale will further send the token up the charts. But the long-term potential of the token looks more promising due to its robust business model with real-world utility.
